Raising Private Capital
Raising Private Capital

Author: Matt Faircloth

Publisher: Biggerpockets Publishing, LLC

Published: 2018-08-09

Total Pages: 184

ISBN-13: 9781947200982

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This book is intended to be a roadmap for new real estate investors who are looking to scale their business by injecting more private capital (other people's money) into their real estate future. These are real estate investors who want to become a rainmaker in their business.

Capital City
Capital City

Author: Samuel Stein

Publisher: Verso Books

Published: 2019-03-05

Total Pages: 242

ISBN-13: 1786636387

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“This superbly succinct and incisive book couldn’t be more timely or urgent.” —Michael Sorkin, author of All Over the Map Our cities are changing. Around the world, more and more money is being invested in buildings and land. Real estate is now a $217 trillion dollar industry, worth thirty-six times the value of all the gold ever mined. It forms sixty percent of global assets, and one of the most powerful people in the world—the president of the United States—made his name as a landlord and developer. Samuel Stein shows that this explosive transformation of urban life and politics has been driven not only by the tastes of wealthy newcomers, but by the state-driven process of urban planning. Planning agencies provide a unique window into the ways the state uses and is used by capital, and the means by which urban renovations are translated into rising real estate values and rising rents. Capital City explains the role of planners in the real estate state, as well as the remarkable power of planning to reclaim urban life.

Capital Women
Capital Women

Author: Jan Luiten van Zanden

Publisher: Oxford University Press

Published: 2019-02-14

Total Pages: 304

ISBN-13: 0190847891

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How women increasingly became economic agents in early modern Europe is the focus of this stimulating book, which highlights how female agency was crucial for understanding the development of the Western European economy and sheds light on economic development today. Jan Luiten van Zanden, Tine De Moor and Sarah Carmichael argue that over centuries a "European Marriage Pattern" developed, characterized by high numbers of singles among men and women, high marriage ages among men and women, and neolocality, where the couple forms a new nuclear household and did not co-reside with the parents of either bride or groom. This was due to the influence of the Catholic Church's teachings of marriage based on consensus, the rise of labor markets, and institutions concerning property transfers between generations that enhanced wage labor by women. Over time an unprecedented demographic regime was created and embedded in a highly commercial environment in which households interacted frequently with labor, capital and commodity markets. This was one of the main causes of the gradual move away from a Malthusian state towards an economy able to generate long-term economic growth. The authors explore how the pattern was influenced by and influenced female human capital formation, access to the capital market, and participation in the labor market. They use numerous measures of economic activity, including the unique "Girlpower-Index" that measures the average age at first marriage of women minus the spousal age gap, with higher absolute age at marriage and lower spousal age gap both indicating greater female agency and autonomy. The book also examines how this measure can increase understanding of contemporary dynamics of women and the economy. The authors thus shed light on the degree to which women are allowed to play an influential role in and on the economy and society, which varies greatly from one society to another.

Capital Failure
Capital Failure

Author: Nicholas Morris

Publisher: OUP Oxford

Published: 2014-08-07

Total Pages: 433

ISBN-13: 019102077X

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Adam Smith's 'invisible hand' relied on the self-interest of individuals to produce good outcomes. Economists' belief in efficient markets took this idea further by assuming that all individuals are selfish. This belief underpinned financial deregulation, and the theories on incentives and performance which supported it. However, although Adam Smith argued that although individuals may be self-interested, he argued that they also have other-regarding motivations, including a desire for the approbation of others. This book argues that the trust-intensive nature of financial services makes it essential to cultivate such other-regarding motivations, and it provides proposals on how this might be done. Trustworthiness in the financial services industry was eroded by deregulation and by the changes to industry structure which followed. Incentive structures encouraged managers to disguise risky products as yielding high returns, and regulation failed to curb this risk-taking, rent-seeking behaviour. The book makes a number of proposals for reforms of governance, and of legal and regulatory arrangements, to address these issues. The proposals seek to harness values and norms that would reinforce 'other-regarding' behaviour, so that the firms and individuals in the financial services act in a more trustworthy manner. Four requirements are identified which together might secure more strongly trustworthy behaviour: the definition of obligations, the identification of responsibilities, the creation of mechanisms which encourage trustworthiness, and the holding to account of those involved in an appropriate manner. Financial reforms at present lack sufficient focus on these requirements, and the book proposes a range of further actions for specific parts of the financial industry.